Ford Motor Credit Company, the finance arm of automaker Ford Motor Company, plans to sell at least $5 billion of dollar- and euro-denominated global bonds as soon as next week, the pricing service International Insider said on Thursday.

Deutsche Banc Alex. Brown, Goldman Sachs & Co. and Morgan Stanley Dean Witter & Co. are arranging the sale, according to Reuters. Earlier this month, General Motors Co. sold $3.75 billion of bonds, while DaimlerChrysler AG sold $7.1 billion.

The dollar-denominated portion of Ford Motor Credit's sale will be the sixth installment of its Global Landmark Securities (GlobLS) Program. The program was established in July 1999 with an $8.6 billion sale, including $1.8 billion of debt from Ford itself, to create a benchmark debt program.

Last quarter was the first since then not to include a GlobLS sale. GLObLS sales included $5 billion in October 1999 and last March, $4.5 billion last June, and $7.5 billion, including $1.5 billion of Ford debt, last July, according to Reuters.

Ford Motor Credit will sell the euro-denominated portion of its new sale from its European medium-term note program, Reuters said.

An investor conference call is scheduled for Jan. 24 at 10:30 a.m. Eastern time (1530 GMT) in New York.

Ford's and Ford Motor Credit's debt is rated "A2," a medium investment grade, by credit-rating agency Moody's Investors Service, and a roughly equivalent "A" by Standard & Poor's.

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